The world’s largest LNG shipowner carded a profit of QAR 446m ($112m) in the six months to the end of June.

This beat the QAR 360m recorded in the same period of 2013, a statement said.

Nakilat says the “remarkable improvement” in LPG rates and improved efficiency at its shipyard aided the stronger showing.

“Nakilat will continue to look for good opportunities to acquire new vessels, and to increase the utilization rate for our shipyard facilities at Erhama Bin Jaber Al Jalahma Shipyard,” it said.

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